Business, 22.11.2019 00:31 qwertylol12345
Stuart is a retail company specializing in men’s hats. its budget director prepared the list of expected operating expenses that follows. all items are paid when incurred except sales commissions and utilities, which are paid in the month following their incurrence. july is the first month of operations, so there are no beginning account balances.
july august september
salary expense $17,300 $17,300 $17,300
sales commissions (4 percent of sales) 3,400 3,400 3,400
supplies expense 310 340 370
utilities 2,400 2,400 2,400
depreciation on store equipment 3,500 3,500 3,500
rent 7,300 7,300 7,300
miscellaneous 600 600 600
total s& a expenses before interest $34,810 $34,840 $34,870
prepare a schedule of cash payments for selling and administrative expenses for july, august, september
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Stuart is a retail company specializing in men’s hats. its budget director prepared the list of expe...
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